Discussion in 'Off Topic' started by Dr. AMK, Jan 7, 2018.
How does Facebook's Libra Blockchain Work?
Even more of a scammy thing than your usual *coin
Yes, let's have a single entity not only control the value of Libra, but also the conversion rates between that and currencies, and not guaranteeing that Libra is backed up with enough assets to cash out if everyone sells off their Libra.
As much of a pyramid-shaped object a lot of *coins are, at least they tend to have some sort of independent valuation in the form of deliberate deflation and/or distributed miners.
Who Ends Convertibility of US Dollars to Gold, is the same people doing that again, just with different way. All of this is a part of a new world strategy, The God only can save us from what's coming.
Thumbs Down to Facebook’s Cryptocurrency
The Bitcoin plague never left, now it begins again, hold on tight to your GPU's, lest they be taken by mining...
Top technician says ride bitcoin roller coaster to another breakout
Published on Jul 2, 2019
Is it time for another crypto rally? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Mark Tepper, Carter Worth and Dan Nathan.
Watch live: Facebook CEO Zuckerberg is grilled in Congress on cryptocurrency, 2020 election
"They Could Take Over The World.." | Elon Musk Warning on Artificial Intelligence
It looks like Youtube's done it again...and if nothing else it shows youtube is getting ready to implement a ban on cryptocurrency at a moments notice in the future...
Youtube calls Mass Deletion of Cryptocurrency Videos a Mistake
"Earlier this week, YouTube deleted hundreds of videos from several dozen cryptocurrency-focused channels.
YouTube has since restored the videos, with a spokesperson telling Gizmodo that the deletion was a mistake — but the entire situation raises questions about how YouTube moderates its platform and decides what’s allowed on it.""
YouTube Calls Crypto Purge a Mistake But Many Videos Still Missing
Dec 26, 2019 at 19:53 UTC - Updated Dec 26, 2019 at 20:34 UTC
"YouTube erroneously purged cryptocurrency education videos from its video-sharing platform this week but claims to have reinstated them, according to a spokesperson. Content creators, however, are telling a different story."
YouTube banned Cryptocurrency-related videos
There are plenty of new cryptocurrency postings yesterday and today, let's see if Youtube let's them be...:
This 60 Minutes Australia expose tries to inform people about what I've been saying all along, Bitcoin and cryptocurrency is a scam. Bitcoin and cryptocurrency is *nothing* being pumped up into a fantasy pyramid of imaginary worth by a wide range of scammers looking to take the money of innocents - and if possible to corrupt them and turn them into new scammers to bring in other innocents to keep the scam going.
Uncovering the dark side of cryptocurrency | 60 Minutes Australia
Dec 28, 2019
60 Minutes Australia
The price of Bitcoin is now rapidly retreating, but true believers say there are going to be many more digital goldrushes just like it. As Tom Steinfort discovers though, buyers need to beware, because this crypto-craziness is attracting the crypto-sharks, who are circling with some outrageously brazen scams.
VICE shows more wastes of natural resources on worthless crytocurrency...and shows that even cryptocurrency proponents agree that cryptocurrency is a scam - it's just that it's the *other* forms of cryptocurrency are the scams - not theirs. Pfft!!
Inside The Cryptocurrency Revolution | VICE on HBO
Dec 27, 2019
Bitcoin’s emergence as a global digital currency has been as revolutionary as it has been erratic. But while fledgling investors obsess over every fluctuation in the cryptocurrency market, nation-states are more interested in the underlying blockchain technology and its ability to revolutionize how business is done on the internet and beyond. VICE's Michael Moynihan travels to Russia with Vitalik Buterin, inventor of the ethereum blockchain, to get a front-row seat to the geopolitical tug of war over Internet 3.0.
A valuable message warning that spending too much time sitting at your desk can induce physical damage... yipe...
IDK what's worse - ruining your health with cryptocurrency or contributing to the ruination of others through promoting cryptocurrency necromancy.
I've found that spending 10-15 hours a day working on the internet was possible by getting up and walking around - varying my operating position frequently. By responding to my body telling me it needs attention - food, water, nutrition supplementation, exercise - taking long breaks frequently - and to learn my own personal limits. Learn yourself and treat yourself well, because no one will be doing that for you.
December 27th Bitcoin Cryptocurrency Update
Dec 27, 2019
Crypto Common Sense
It looks like Youtube missed a real doozie, mentioned in a "Cryptocurrencies: Last Week Tonight with John Oliver (HBO)" expose on Cryptocurrency back in 2018. How is that practice of "pump and dump" not illegal?
Jan 17, 2018
Welcome to Crypto Calls (Where everybody makes a profit)
Posted by u/beast-freak 1 year ago
ProfessorStein 9 points 1 year ago
"This is the kind of thing that should unquestionably be illegal."
kmeisthax 5 points 1 year ago
"It already is."
TamponShotgun 9 points 1 year ago
"*with stocks only but for some reason not with cryptocurrency because there is no enforcement mechanism to catch and/or punish the people who do this."
WastedChancesMusic 1 point 1 year ago
"That's not a bug, it's a feature (...apparently.)"
A fool and his not-really-money are soon parted
This Alleged Bitcoin Scam Looked a Lot Like a Pyramid Scheme
Five men face federal charges of bilking investors of $722 million by inviting them to buy shares in bitcoin mining pools.
GREGORY BARBER 12.10.2019 07:48 PM
"...Facebook pages based around BitClub Network communities in countries including Malaysia and South Africa remain active, with tens of thousands of members.
The crypto world is rife with scams. The grift reached a fever pitch in 2017, when bitcoin prices spiked and scammers lured victims to invest millions in cryptocoins or blockchain-based products that would never come to exist.
Schemes around participation in mining pools are also popular to scammers who sell customers on the narrative of participating in business ventures that effectively amount to printing money. That’s become all the more tantalizing now that mining is mostly out of reach for many stay-at-home miners.
(The selling point is that large mining “pools” enjoy greater efficiencies—and thus returns.)
In January, a man in Hong Kong was accused of a similar mining pool scam that allegedly included an advertising stunt that involved throwing money off of a skyscraper.
The wire fraud charges carry a maximum of 20 years in prison, while the securities violation allows five. The defendants’ lawyers could not immediately be reached for comment."
China is cracking down on cryptocurrency mining due to power shortages, among other concerns:
Chinese Bitcoin Miners Pressured to Scale Down Due to Electricity Shortages
By Joeri Cant
"Bitcoin (BTC) miners in the Chinese province of Sichuan are reportedly under pressure[by] local authorities to scale down their operations due to electricity shortages.
On Dec. 29, the Asia Times reported that during the dry season, which extends from October through April, the electricity supply drops drastically in Southwest China, which is why local authorities are tightening the screws on mining companies to scale down their operations.
Bitcoin farms tolerated during wet seasons only
Bitcoin mining companies are officially prohibited but are tolerated in the Sichuan province during the wet seasons when hydropower stations generate more electricity than is required, utilizing the excess energy thanks to East Asia’s plum rain.
However, during the dry season, the local authorities attempt to assure sufficient power supply for residents and local businesses and therefore redirect their focus on the regional Bitcoin farms, who use excessive amounts of electricity to run their mining rigs.
Crackdown on Bitcoin mining
The Chinese authorities have not only been cracking down on BTC mining farms. They have also been going after power plants. Two power plants have received fines of around $140,000 in December for providing electricity to Bitcoin farms without obtaining a power supply license.
China, whose BTC miners are currently responsible for as much as 66% of global hash rate, is continuing an ongoing fight against illicit use of energy by crypto miners.
In mid-November, regulators in China's Autonomous Region of Inner Mongolia tightened their grip on crypto mining companies, dispatching inspection units to assure the clean-up and rectification of crypto token mining companies in the region.
In December, Chinese authorities seized nearly 7,000 crypto mining machines, illegally consuming electric power. The confiscation came as part of an inspection of more than 70,000 households, 3,061 merchants, 1,470 communities, as well as factories, mines, courtyards and villages in the Kaiping District of Tangshan city."
China’s Crackdown on Cryptocurrency Trading: A 2019 Recap
By Adrian Zmudzinski, Dec 30, 2019
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